Borrowers looking to cash out on a subject property which is an SFR, currently leased for $2,650 per month which is equal to appraiser's estimated market rent. Subject appraised for $330k As-Is. Four sponsors on the loan with mid-scores of 706, 760, 735 & 735 and bank statements reflect liquidity which is sufficient to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 70% LTV and with 1.32 DSCR.
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